We organize awareness seminars on VAT and VAT returns filing in the UAE by our Tax experts for:
Depending on the organizational structure of an organization and the need of the management and accounts & finance department, we provide seminars on Value Added Tax (VAT) to the personnel of the organization who are coming under purview of VAT compliance chain. Educating the finance and accounts and IT personnel are in detail for applying the VAT concepts and for detailing the procedural formalities required for complying to the requirements. Educating the managerial and other department level are made for imparting proper awareness of VAT structure and overall VAT compliance requirements.
The specialists in VAT undertake the followings steps for successful implementation of UAE VAT in your business entity.
The TAX specialists/ VAT specialists visit your business entity to understand your business model for designing a VAT.Implement a plan which suits your business entity for the UAE VAT Regulations.
To adhere with the law of the land with respect to VAT (UAE VAT Law), we advise you regarding the procedural formalities and the date by which registration has to be made, depending on whether the company has got any exemption in this respect or not.
For having a good clarity and appraisal for the management and to streamline the operations of the company by complying with UAE VAT requirements, we study the impact of VAT on your business working capital, costing and profitability.
In order to shift the transactions into UAE VAT compliance and to translate smoothly and in a timely manner, we will select a responsible person/team from the company to be the head of the VAT Implementation project called VAT Implementation Project Leader.
The current accounting systems will be analysed. Thorough classification/ grouping with appropriate chart of accounts suitable for VAT regime would be suggested. Needed guidelines would be given to the accounts team for preparing the first VAT return to the Federal Tax Authority (FTA).
The needs of VAT invoicing under the UAE VAT Law would be implemented. Proper stream lining would be done to the IT personnel and proper training to the Accounts and other departments connected to sales would be done.
In order to implement the changes in the billing, accounting and other administrative procedures to comply UAE VAT formalities, necessary guidance or information required will be imparted to the IT team/software personnel either directly or through VAT Implementation Project Manager.
The help for preparing and filing of the first VAT return by taking the correct input tax credit against the total VAT liability with guidance on planning/better timing of cash flows.
If you’re looking for an expert advice on your Accounting, Auditing, VAT Registration & Training needs then please feel free to call on +971 42408885 .